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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 01 May

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 01 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD has clear path till $9,000 before it faces any resistance levels of note

BTC/USD dropped from $8,790 to $8,661.75 this Thursday. As per the daily confluence detector, there are two resistance levels on the upside at $9,130 and $9,225, giving the bulls a clear path to the $9,000 psychological level. $9,130 has the one-month Pivot Point resistance-one, while $9,225 has the Previous Month high.

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Ripple Price Analysis: XRP/USD hourly chart trends horizontally as price volatility goes down

XRP/USD has gone up from $0.2116 to $0.213. The hourly chart has repeatedly been testing resistance at the downward trending line before the latest candle finally managed to peak above. The hourly price had previously dropped after encountering resistance at $0.2356. 

Ethereum Price Analysis: ETH/USD bulls back down, hold above $200

Following an incredible rally above $200, Ethereum price extended the bullish action above $225. A new April high was formed at $227, however, the price did not stay up for long as a retreat occurred almost immediately. Ether is currently trading at $209 after making a minor recovery from the newly established support at $200.

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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XRP holds key support amid thinning liquidity on exchanges

XRP holds key support amid thinning liquidity on exchanges

Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Bitcoin’s upside remains capped on Wednesday while the downside appears strongly supported above $64,000. Altcoins, including Ethereum and Ripple, are broadly consolidating with ETH trading above $1,900 and XRP above $1.00.

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million.

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.